TD Asset Management Inc. increased its holdings in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 19.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,196,280 shares of the technology company’s stock after purchasing an additional 520,675 shares during the period. TD Asset Management Inc. owned approximately 1.08% of CGI Group worth $165,217,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of CGI Group by 21.2% in the 2nd quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock valued at $111,000 after purchasing an additional 380 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of CGI Group in the 2nd quarter valued at $202,000. Letko Brosseau & Associates Inc. purchased a new stake in shares of CGI Group in the 2nd quarter valued at $203,000. Marshall Wace North America L.P. purchased a new stake in shares of CGI Group in the 2nd quarter valued at $214,000. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in shares of CGI Group in the 2nd quarter valued at $217,000. 58.84% of the stock is owned by institutional investors.
Shares of CGI Group, Inc. (NYSE GIB) traded up $0.02 on Friday, reaching $53.88. 152,900 shares of the company’s stock traded hands, compared to its average volume of 176,826. The stock has a market cap of $15,910.50, a PE ratio of 19.31, a P/E/G ratio of 1.90 and a beta of 0.91. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. CGI Group, Inc. has a fifty-two week low of $45.81 and a fifty-two week high of $54.13.
CGI Group Company Profile
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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